SMM Daily: Coke Prices Likely to Fluctuate Downwards Amid Stable Supply and Weak Demand

[SMM Daily Review on Coal and Coke]

In terms of supply, coke production remains stable for now, but some coke enterprises are facing significant inventory accumulation. On the demand side, steel prices are declining, steel mills are increasingly inclined to push for price reductions, and their resumption of production remains cautious. The increase in pig iron output is slow, and their coke inventories are at safe levels, leading to low enthusiasm for coke procurement. In summary, coke prices may continue to fluctuate downward in the short term.